Comparison

Side-by-side payments and cash to close

Lowest monthly: Current Market Conventional

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$371,103$358,200
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.260%7.400%
Blended rate6.810%7.640%
1st payment$2,390.55$2,480.10
2nd payment$0.00$0.00
Taxes / mo$147.17$147.17
Insurance / mo$150.00$150.00
MI / mo$177.76$71.64
HOA / mo$104.67$104.67
Total monthly$2,970.15$2,953.58
Cash to close$26,897$39,800